<SEC-DOCUMENT>0001213900-21-031586.txt : 20210609
<SEC-HEADER>0001213900-21-031586.hdr.sgml : 20210609
<ACCEPTANCE-DATETIME>20210609082530
ACCESSION NUMBER:		0001213900-21-031586
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20210609
FILED AS OF DATE:		20210609
DATE AS OF CHANGE:		20210609

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAPIENS INTERNATIONAL CORP N V
		CENTRAL INDEX KEY:			0000885740
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			P8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20181
		FILM NUMBER:		211004038

	BUSINESS ADDRESS:	
		STREET 1:		AZRIELI CENTER
		STREET 2:		26 HAROKMIM ST.
		CITY:			HOLON
		STATE:			L3
		ZIP:			5885800
		BUSINESS PHONE:		97289382777

	MAIL ADDRESS:	
		STREET 1:		AZRIELI CENTER
		STREET 2:		26 HAROKMIM ST.
		CITY:			HOLON
		STATE:			L3
		ZIP:			5885800
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ea142454-6k_sapiensinter.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">





<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 18pt"><B>UNITED STATES</B></FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
the month of June   2021</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">Commission File Number 000-20181</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SAPIENS INTERNATIONAL CORPORATION N.V.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Translation of Registrant&rsquo;s name into
English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Azrieli Center</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>26 Harokmim St.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Holon, 5885800</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of Principal Executive Office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Form 20-F &#9746;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F &#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): &#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): &#9744;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CONTENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: top; width: 9%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit&nbsp;No.</B></FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; width: 90%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Title of Exhibit</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="ea142454ex99-1_sapiens.htm">Press Release</A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 35.45pt">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="text-transform: uppercase"><B>Sapiens International Corporation N.V.</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 60%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: top; width: 35%">/s/ Roni Giladi</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>Name:&nbsp;</TD>
    <TD STYLE="vertical-align: top">Roni Giladi</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>Title:</TD>
    <TD STYLE="vertical-align: top">Chief Financial Officer</TD></TR>
</TABLE>




<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0; margin: 0">Dated: June 9, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 35.45pt"><FONT STYLE="font-size: 10pt">The
following exhibits are furnished as part of this Form 6-K:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 35.45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 9%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Exhibit&nbsp;No.</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; vertical-align: bottom; width: 90%; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Title of Exhibit</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">99.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="ea142454ex99-1_sapiens.htm">Press Release</A></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0">3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea142454ex99-1_sapiens.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><IMG SRC="ex99-1_001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Illinois Mutual Life Insurance Goes Live with
Sapiens Life Insurance Solutions, as part of its Digital Transformation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>The first phase of the digital transformation
will enhance agent and customer user experience, by delivering seamless illustration and intuitive enrollment functionality. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>June 9, 2021 &ndash;</B> Sapiens Americas, a wholly
owned subsidiary of Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the
insurance industry, announced today that Illinois Mutual Life Insurance (IML), a company that services 47 U.S. states and serves over
8,600 independent agents, has implemented two Sapiens&rsquo; life solutions as part of its digital transformation project.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Sapiens IllustrationPro for Life &amp; Annuities
and Sapiens ApplicationPro for Life &amp; Annuities were implemented within Illinois Mutual&rsquo;s projected timeline and are the first
of multiple implementations in their digital strategy. Improving online application functionality and enhancing illustration capabilities
are key to their goal of enhancing the client and agent experience for its life and disability income business. Additionally, Illinois
Mutual has also already begun the next step of their multi-solution digital strategy: the addition of Sapiens UnderwritingPro for Life
&amp; Annuities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&ldquo;Sapiens IllustrationPro and ApplicationPro
are helping enable the experience that we desire and that we know is necessary to compete most effectively in our ever-evolving market,&rdquo;
said Rich Tarkowski, Vice President of Information Technology, Illinois Mutual. &ldquo;We&rsquo;re looking forward to our next implementation
of Sapiens UnderwritingPro as our modernization efforts continue.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&ldquo;We are delighted to enhance our trusted partnership
with IML with our digital focused solutions and collaborative approach to improving the agent and customer experience,&rdquo; said Dave
Pidgeon, Head of Life and Annuities, Sapiens. &ldquo;Sapiens&rsquo; comprehensive, end-to-end life platform enables insurers to select
the solutions that will most benefit their business. Our industry best practices and knowledge, combined with our advanced, digital life
insurance software and pre-integration, reduces implementation time and speeds time-to-market.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Sapiens solutions for Life &amp; Annuities empower
modernization of legacy systems.&nbsp;Sapiens IllustrationPro provides clear and compelling product quotes and illustrations, helping
agents&nbsp;to create and present multiple scenarios so customers can understand their options.&nbsp;ApplicationPro provides a highly
intuitive digital experience for agents, with access to real time data and the ability to input and manage customer application information,
improving more &ldquo;in-good-order&rdquo; business and faster time to coverage.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>About Illinois Mutual</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Founded in 1910 by the same family that leads the
company today, Illinois Mutual is a trustworthy, experienced and caring provider of life insurance, disability insurance and voluntary
worksite insurance products. Committed to serving the middle market, we help people achieve and safeguard their financial security. For
more information: www.illinoismutual.com.</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="ex99-1_002.jpg" ALT="" STYLE="width: 513px; height: 23px">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">www.sapiens.com</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="ex99-1_001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; background-color: white"><B>About Sapiens</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; background-color: white">Sapiens International Corporation
empowers insurers to succeed in an evolving industry. Sapiens offers digital software platforms, solutions and services for the property
and casualty, life, pension and annuity, reinsurance, financial and compliance, workers&rsquo; compensation and financial markets. With
more than 35 years of experience delivering to more than 600 organizations globally, Sapiens has a proven ability to satisfy customers&rsquo;
core systems, data and digital requirements. For more information:&nbsp;www.sapiens.com.</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Media Contact</B>&nbsp;&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Shay Assaraf&nbsp;&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Chief of Marketing, Sapiens&nbsp;&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">+44 7548 369920&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Shay.assaraf@sapiens.com&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD>
    <TD STYLE="width: 50%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Investors Contact&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Daphna Golden&nbsp;&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Vice President, Head of Investor Relations, Sapiens&nbsp;&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ir@sapiens.com</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Forward Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Certain matters discussed in this press release
that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities
Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that
are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements
may be identified by the use of the words &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;estimate,&rdquo; &ldquo;expect,&rdquo;
&ldquo;may,&rdquo; &ldquo;will,&rdquo; &ldquo;plan&rdquo; and similar expressions. Such statements reflect our current views with respect
to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results,
levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements
expressed or implied by the forward-looking statements, including, but not limited to: the COVID-19 (coronavirus) pandemic, which may
last longer than expected and materially adversely affect our results of operations&#894; the degree of our success in our plans to leverage
our global footprint to grow our sales&#894; the degree of our success in integrating the companies that we have acquired through the
implementation of our M&amp;A growth strategy&#894; the lengthy development cycles for our solutions, which may frustrate our ability
to realize revenues and/or profits from our potential new solutions&#894; our lengthy and complex sales cycles, which do not always result
in the realization of revenues&#894; the degree of our success in retaining our existing customers or competing effectively for greater
market share&#894; difficulties in successfully planning and managing changes in the size of our operations&#894; the frequency of the
long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes
change mid-stream&#894; the challenges and potential liability that heightened privacy laws and regulations pose to our business&#894;
occasional disputes with clients, which may adversely impact our results of operations and our reputation&#894; various intellectual property
issues related to our business&#894; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers&rsquo;
systems&#894; risks related to the insurance industry in which our clients operate&#894; risks associated with our global sales and operations,
such as changes in regulatory requirements, wide-spread viruses and epidemics like the recent novel coronavirus outbreak, or fluctuations
in currency exchange rates&#894; and risks related to our principal location in Israel and our status as a Cayman Islands company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">While we believe such forward-looking statements
are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties
materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the
risks discussed under the heading &ldquo;Risk Factors&rdquo; in our most recent Annual Report on Form 20-F, in order to review conditions
that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should
not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected
in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly
any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="ex99-1_002.jpg" ALT="" STYLE="width: 513px; height: 23px">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">www.sapiens.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>ex99-1_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ex99-1_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  J )X# 2(  A$! Q$!_\0
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MG/;K47Q+8PZ?831$I+YYBWJ<-L8?,N?0X&1WQ7:6\:16L4<:*B(@5548  '
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:&\#.1@YY!P2*WJ*4IW5K#4+/<****S+/_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>ex99-1_002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ex99-1_002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  7 @$# 2(  A$! Q$!_\0
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MN\AW2*@!4GN1Z$UNZ1I%IHEBMI:*0F=S,WWG/J:]S%XO#U,,J<%KITV/"P.
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M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
6**** "BBB@ HHHH **** "BBB@#_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
